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Articles from Prosper Australia

Prosper’s Victorian Budget submission

February 27, 2018 - 10:18 -- Admin

Prosper Australia welcomes the opportunity to contribute to the 2018- 2019 Victorian budget. This submission focuses on the role of State Land Tax (SLT) in the design of an effective policy response to the housing affordability crisis. Prosper welcomes the Victorian Government’s emphasis on housing affordability. Efforts to dampen speculative demand, such as the Vacant […]

America’s Tollbooth Future?

February 13, 2018 - 12:49 -- Admin

The Trump administration has shown the necessity of harnessing the windfall gains property owners enjoy when infrastructure is built in close proximity. The Legislative Outline for Rebuilding Infrastructure in America includes the following section: C. Transit 1. Require Value Capture Financing as Condition of Receipt of Transit Funds for Capital Investment Grants (A) Federal programs […]

Packer’s paradise: another land grab

February 9, 2018 - 13:11 -- Admin

James Packer has teamed up with Robert de Niro to establish an exclusive resort on the paradise island of Barbuda (Antigua). Our interviewee is Barbudan Teckla C Negga Melchior, who tells the story from the perspective of an anthropologist with a strong understanding of the process of law via her experiences at the United Nations. […]

OECD tries to do the impossible

January 17, 2018 - 15:20 -- Admin

  3 January 2018 International Co-operation and Tax Administration Division OECD/CTPA Dear Ladies and Gentlemen,           Circumvention of Common Reporting Standards (CRS)   May I respectfully suggest that the OECD has set itself an impossible task in endeavouring to curtail circumvention of common international reporting standards. Just as national accounting and legal professions have […]

ABC Fact Checker on Renegades

December 15, 2017 - 11:36 -- Admin

Ben Phillips (ANU), one of Australia’s leading econometricians, joined the Renegade Economists radio show last week to discuss his report Regional Housing Supply & Demand. The report held a critical lense up to the ubiquitous supply side argument. Is it really the most effective housing affordability tool? We also discussed the future of economic modeling […]

Does taxing investors drive up the rent?

December 8, 2017 - 13:41 -- Admin

The Productivity Commission’s recent five year review, “Shifting the Dial”, brings the welcome recommendation of a shift from stamp duties to a broad-based land tax. Stamp duty is a dud tax from the economist’s point of view; it doesn’t achieve an obvious redistribution goal and is a disincentive to downsizers. Land value taxes by contrast, […]

Capitalism becomes rentierism

December 8, 2017 - 10:16 -- Admin

Taxes on wages in Australia were fairly minimal until WWII, since which time they’ve been ratcheted up significantly. Federal taxes before the war consisted mainly of customs and excise charges and the federal land tax, introduced in 1910. The States and municipalities also levied land-based taxes. These played an important part in the development of […]